Getting electricity, registering property and enforcing contracts are the worst issues in doing business in Bangladesh, according to the World Bank’s ranking. Its latest report on doing business has placed Bangladesh at 174^th position among 189 economies around the world. The country is at the bottom in accessing electricity (189^th) and enforcing contract (188^th) and also ranks poorly at 185^th position in registering property, said the global agency’s “Doing Business 2...

Bangladesh Bank (BB) has signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI) for exchange of supervisory information. “The Reserve Bank of India, today, signed the Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with the Bangladesh Bank, Peoples Republic of Bangladesh,” RBI said in a release. RBI has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater cooperation and sha...

The World Bank (WB) most likely will scale up its funding to Bangladesh, with pleading new financing commitments amounting to $1.9 billion for the current 2015-16 financial year (FY16). Referring to a meeting between finance minister Abul Maal Abdul Muhith and WB senior vice president Kyle Peters, the multi-donor agency in a press release issued here today (Sunday) said the agenda of the meeting included discussion on the WB's growing portfolio in Bangladesh. The meeting was held on the sidelines of the IMF-WB annual meeting held in Lima, Peru on Saturday where...